Thought I would share my Macro Light Studio setup. Its really easy to setup and I am indebted to the following two links:
I added a couple of twists of my own, namely covering the offcuts from the holes cut with tin foils to create reflectors.
The only cost I needed to add was a pc sync cable and hot shoe cable adaptor from jessops which cost £20, and allowed me to light shots such as this.
All in all a fun way to spend a sunday afternoon, and as it folds flat, it provides tons of options for shooting in the future.